FCA considers increase in contactless limit after PM’s decree to watchdogs | Money News Aitrend

FCA considers increase in contactless limit after PM’s decree to watchdogs | Money News

 Aitrend

City watchdog considers formal proposal to increase Britain’s £100 contactless spending limit as part of response to prime minister’s order for regulators to remove barriers to economic growth. Sky News has learned that the Financial Conduct Authority’s response to a Christmas Eve letter from Sir Keir Starmer, Chancellor Rachel Reeves and Business Secretary Jonathan Reynolds … Read more

FCA to give firms 48 extra hours in ‘name and shame’ compromise | Money News Aitrend

FCA to give firms 48 extra hours in ‘name and shame’ compromise | Money News

 Aitrend

The city’s watchdog is to give the companies it investigates an additional window to challenge the allegations, as it seeks to defuse the months-long row over its so-called “name and shame” proposals. Sky News has learned that the Financial Conduct Authority (FCA) plans to reveal on Thursday that it will give those under investigation 48 … Read more